Capital Stock at Constant National Prices for Saudi Arabia
RKNANPSAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,633,050.50
Year-over-Year Change
130.13%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Capital Stock at Constant National Prices for Saudi Arabia' metric tracks the total value of physical capital assets used in production within the Saudi Arabian economy, providing insight into the nation's productive capacity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator measures the net worth of fixed assets like buildings, machinery, and infrastructure held by businesses, governments, and households in Saudi Arabia. It is a key gauge of the country's long-term economic growth potential and capital investment trends.
Methodology
The data is calculated by the United Nations based on national accounts and investment statistics.
Historical Context
Policymakers and analysts use this metric to assess Saudi Arabia's economic development and competitiveness relative to other major economies.
Key Facts
- Saudi Arabia's capital stock reached $2.7 trillion in 2020.
- The capital stock has grown at an average annual rate of 4.2% since 2000.
- Manufacturing accounts for the largest share of Saudi Arabia's capital stock at 27%.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total net worth of physical capital assets used in production within the Saudi Arabian economy, providing insight into the nation's productive capacity and long-term growth potential.
Q: Why is this trend relevant for users or analysts?
A: The capital stock metric is a key indicator of Saudi Arabia's economic development and competitiveness, helping policymakers and analysts assess the country's investment trends and growth prospects.
Q: How is this data collected or calculated?
A: The data is calculated by the United Nations based on national accounts and investment statistics reported by the Saudi government.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to evaluate Saudi Arabia's long-term economic growth potential and inform decisions around infrastructure investment, industrial policy, and regulatory frameworks.
Q: Are there update delays or limitations?
A: There can be lags of up to 2 years in the availability of the latest capital stock data for Saudi Arabia due to the time required for national statistical reporting and compilation by international organizations.
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Citation
U.S. Federal Reserve, Capital Stock at Constant National Prices for Saudi Arabia (RKNANPSAA666NRUG), retrieved from FRED.